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ULIPs for NRIs in Australia

A country with a history of stable government and democracy, Australia has a proud legacy. It was in 1945 when Australia had become  a founding member of the United Nations. Australia is a country that has foreign nationals from over 200 countries, amounting to over 25 million people.¹ Australia is known for its high standard of living, vibrant culture, highly educated and skilled workforce, emerging technologies, and world-class infrastructure amongst other things. Read More

Indians, too, are a significant part of the Australian population. From education to job opportunities, non-resident Indians have several reasons for settling in Australia. If you're a non-resident Indian (NRI) living in Australia, it's important to be aware of the investment opportunities offered by the Indian government. Several NRI-friendly policies have been introduced to make investing in India more accessible and convenient for NRIs based in Australia. One of these is the ULIPs. It  offers life insurance, investment elements, and tax benefits under a single premium. Explore all about ULIPs for NRIs in this guide. Read Less

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Keep these Documents Handy
Photo
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PAN Card
  • PAN Card/ Form 60
Age proof (Any one)
  • Passport
  • Aadhar card
  • Driver’s License
  • Birth Certificate
  • Baptism Certificate of PAN card
Income documents (Any one)
  • Last 6 months Bank statement with salary credit
  • Form 16
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*Above illustration is for Bajaj Allianz Life eTouch- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan(UIN:116N172V04) considering Male aged 22 years | Non-Smoker | Policy Term (PT)– 30 years | Premium Payment Term(PPT)– 30 years | Sum Assured opted is Rs. 5,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 18,038. 2nd Year onwards premium Rs. 19,257. Total Premium Paid is Rs. 5,76,491 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 45, Income Payout Percentage: 55) | Premium shown above is inclusive of Online Discount only and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

**The output generated through calculator are on the basis of the data inputted by you and is being provided to you solely for your reference purpose and not to be construed as investment advice. Please seek independent advice from your insurance consultant before making any investment decisions. While proper caution has been taken in designing this calculator, Bajaj Allianz Life Insurance Co. Ltd. assumes no liability for the accuracy of the information and data provided in this tool.

##Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

@Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^Get Free Benefits up to ₹ 14,000 per year

S No.

Value Added Service

Frequency

Cost (₹)

1

Doctor Teleconsultations

Consultation per month
= 24 consultations per year

Average cost per session = ₹500
Total cost per year = ₹500 * 2 * 12 = ₹1200

2

Network Discounts
Medicines (M) - 10%, Lab Booking (L) - 10%,
In-Patient Hospitalization (P)- 5%,
Out-Patient Consultation (O) - 10%

Throughout the year

 

Assumption - Total
Expenses of these
throughout the Year

Total Discounts that
can be availed
throughout the year

M - ₹5,000

₹500

L - ₹5,000

₹500

O - ₹5,000

₹500

P - ₹10,000

₹500

 

Total per year as per assumptions

₹ 14,000

Note: The above mentioned costs are based on estimated average market price for respective services.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

Written ByPalak Bagadia
AboutPalak Bagadia
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Palak Bagadia, Associate – Digital Marketing at Bajaj Allianz Life, with experience spanning content and performance marketing, recruitment, employee engagement in the BFSI industry, with a strong understanding of the insurance sector.
Rosy Pathak
Reviewed ByRosy Pathak
AboutRosy Pathak
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Rosy Pathak, AVP- Product and Brand Marketing at Bajaj Allianz Life Insurance carries over 17 years of experience in Marketing and a demonstrated history of working in the insurance industry. She is skilled in Product Management, Planning and Strategy, Project Management, Marketing and Communication.
Written on: 06th June 2025
Modified on: 09th June 2025
Reading Time: 20 Mins
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What are ULIPS? How Do They Work?

ULIPs are life insurance policy which have a component of market linked investment. Yes, that's what ULIP offers. On the one hand, it offers you life insurance protection, while on the other hand, it offers market linked investment opportunities in equity, debt, or hybrid funds. If the life assured passes away during the policy tenure, the nominee receives a death benefit (death benefit is tax-free under Section 10(10D) of the Income Tax Act of 1961). The policyholder receives the maturity benefit if the life assured outlives the policy term.


Simply put, the premium you pay for ULIPs is divided into two parts. One part is utilised to provide life insurance protection, and the remaining part is used to invest in market linked funds. You are free to choose a fund of your choice: equity, debt, or hybrid funds. In case of changed financial preferences or the performance of your fund, you may switch between funds.


Note: ULIPs come with a lock-in period of 5 years.


Why Should NRIs in Australia Consider ULIPs?

While residents and NRIs both can invest in ULIPS, read on to understand what makes them so suitable for NRIs.

 

  1. An ideal combination of investment and insurance


    Under a single policy, you can get the benefits of life coverage as well as market-linked investments. Without the worry of juggling between your separate investments and insurance policies, you can enjoy them both under one umbrella.


  2. Stay empowered with asset allocation


    ULIPS allows you the freedom to allocate the funds that you invest into various market-linked instruments. You can invest in debt funds, equity funds and even a balanced combination of both. As an NRI, this can be very beneficial for you, especially when you may have different priorities when living abroad.


  3. Build your wealth with market-linked growth


    NRI investors can also use ULIP as a tool to build wealth. If the market allows, you can benefit from long-term market-linked growth. While markets always come with the risk of volatility, you can make use of diversification to secure your financial stability.


  4. Switch funds when you deem it right


    Another benefit that ULIPS bring is fund switching. Changing market conditions or your personal financial situation can be dealt with through careful fund switching. Keep monitoring your portfolio and choose the option to switch when it seems right.


  5. Meet your liquidity needs in India or abroad


    Once the 5-year lock-in period is over, you have the option of making partial withdrawals. Depending on your needs in India or abroad, you can make use of this money.


  6. Tax benefits are an added advantage


    Life insurance policies offer tax benefits, which can be a major attraction if you wish to save on taxes back home. As an NRI in Australia, you can get tax benefits on ULIPS at the time of policy inception, on the returns that you get and when the plan comes to an end. Here’s how:


    • Section 80C allows a deduction of up to Rs.1.5 lakhs per year against the premiums you pay under old tax regime.
    • The returns that you receive during the policy are not taxed as long as you stay invested. You can enjoy tax-free growth.
    • In case of the death of the insured, the death benefit received by the nominee is tax-free under Section 10(10D) subject to certain conditions.

  7. Disciplined savings for a secure future


    No matter what part of the world you reside in, the hope of a secure future remains. As an NRI in Australia, if you are planning to stay on, buy a house or plan your retirement there, the wealth accumulation through the ULIP can be very helpful in arranging your finances.


 

A lot of NRIs in Australia also dream of returning home someday, either for good or during their retirement. When you have a significant corpus to rely on, coming back and settling well becomes easier.

 

Steps for Buying A ULIP Online as an NRI

After knowing the benefits of ULIP as an NRI in Australia,you may consider buying one online through a straightforward process. Follow these steps to acquirethe best ULIP planfor NRIs online seamlessly:


  • Go to the official website of the insurer offering ULIP products for NRIs.
  • Browse through the available ULIP products and select the one that aligns with your financial goals, investment horizon and risk appetite.
  • Check for features specific to NRIs, such as fund switchingflexibility, repatriation options, and international payment modes.
  • Determine the desired policy duration and select the premium payment amount that suits your budget and financial objectives.
  • Once you have made your selection, the insurer will communicates the decision of acceptance of the proposal. You may then proceed for premium payment.
  • Choose your preferred modes of payment, such as net banking, international credit card, debit card, or other online payment methods accepted for NRIs.
  • Make the payment using your selected payment method and confirm the purchase.
  • After the successful payment, you may enjoy the advantages and benefits of your newly acquired Unit Linked Insurance Plan.

By following these steps, you may conveniently purchase a ULIP online, saving time and ensuring a hassle-free experience. You can also use a ULIP calculatorto get an estimate of your investment needs.


Things NRIs in Australia Should Consider When Buying ULIPs

  1. ULIP performance depends on the underlying funds you choose and how those funds perform in the market over time. It is, therefore, quite essential that you analyse your risk appetite and only then venture into the market.
  2. NRIs in Australia can pay the premiums through direct bank transfers using NRE or NRO bank accounts in the form of SWIFT transactions.
  3. There are various types of fees and charges that are associated with ULIPS. As an NRI in Australia, you should well-acquaint yourself with charges such as:

    • Fund Management Charges
    • Mortality Charges
    • Policy Administration Charges
    • Premium Allocation Charges
    • Partial Withdrawal Charges
    • Fund Switching Charges
    • Miscellaneous Charges.

  4. When your ULIP comes to an end, you may be able to get some tax benefits. However, make sure of the following:

    • If you bought the ULIP after April 1, 2012, your annual premium should not be more than 10% of the sum assured.
    • If you bought it before April 1, 2012, the premium limit is 20% of the sum assured.
    • As per the 2021 Budget, if the total premiums of all ULIPS bought on or after February 1, 2021, go over ₹2.5 lakhs in a year, the maturity amount will be taxable.
    • If your returns from equity-oriented funds are above ₹1 lakh, they’ll be taxed at 10% (Long-Term Capital Gains tax).
    • For non-equity funds, returns over ₹1 lakh may be taxed at 20%.
    • NRIs should also check the tax rules between India and their country of residence, the Double Taxation Avoidance Agreement (DTAA), to fully understand the tax impact.

Why Bajaj Allianz Life Insurance ?

Bajaj Allianz Life, one of India's leading Private Life Insurers, is committed to offering value-packed and innovative products to help you achieve your Life Goals.

99.29%

Claim Settlement Ratio~

Claim Settlement Ratio
1 Day

Get 1 Day Claim Approval%

One Day Claim Approval
AAA

Stable Rating by CARE$$

CARE Stable Rating
₹1,23,734 Cr

Assets Under Management (AUM)***

Assets Under Management (AUM)
3.85 Cr

Number of Lives Covered##

Number of Lives Covered
359%

Solvency Ratio of 359%^^^

Solvency Ratio
Claim Settlement Ratio 2024-25

 Disclaimer:~Individual Death Claim Settlement Ratio for FY 2024-2025 | %99.29% of non-investigative individual claims approved in one working day for FY 2024-25. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices. 96% of non - investigative claims notified were processed within one day in FY’25 | $$For details refer to press release published by CARE | ***All figures as on 31 March, 2025 | ^^^Solvency ratio 359% as at 31 March 2025 against IRDAI mandated 150% | ##Individual and group, as on 31 March, 2025.

Frequently Asked Questions

1. What is the lock in period of ULIPs?

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ULIPs  have a lock-in period of 5 years. So, to avail of maximum benefit, you must stay invested for at least 5 years.

2. Is ULIP a good plan for NRIs in Australia?

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Anyone looking for a one-stop policy for life insurance and wealth creation can go with ULIPs. NRIs in Australia can also invest in India through ULIPs. It not only helps you grow your funds and get peace of mind with life cover, but also offers tax benefits.

3. Can NRIs in Australia avail of tax benefits on ULIPs in India?

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Yes. NRIs in Australia who are willing to purchase ULIPs in India are eligible for several tax benefits. Under Section 80C of the Income Tax Act of 1961, one can claim tax benefits of up to ₹1.5 lakhs under old tax regime. Also, the death benefit remains tax-free under Section 10 (10D) of the Income Tax Act of 1961, subject to certain conditions.²


The capital gains on ULIPs are taxable at 20%. However, under certain circumstances, you may avail of tax benefits under Section 54 and Section 54EC of the Income Tax Act of 1961.²

4. Which is the best ULIP fund for NRIs in Australia?

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There are various options available for ULIP investment in India. To choose the best one for yourself, you must assess your financial goals for the future, ongoing expenses, risk appetite, and investment horizon etc.

ULIP Guide

  • Videos

  • Articles

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Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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At Bajaj Allianz Life, we are here to support you in building a secure and worry-free financial future. With over 24 years of experience, we provide a variety of life insurance plans, including protection, retirement, savings, investment and health, to meet your unique needs.

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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

 

Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility

 

BJAZ-WP-ECNF-15482/25

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The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Goal Assure II - A Unit- Linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L180V02) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

*Conditions apply- The Guaranteed benefits are dependant on the policy terms, premium payment terms availed along with other variable factors. For more details please refer respective product sales.(Also available on www.bajajallianzlife.com). This benefit is available with Bajaj Allianz Life Pos Goal Suraksha. brochure.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116


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*Not available if policy issued after 20th March 2025

Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before investing.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V02), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01), Bajaj Allianz Life Fortune Gain II- A Unit-linked Non Participating Individual Life Savings Insurance Plan (UIN: 116L196V02) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V02) are only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

Focused 25 Fund is available with Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V02), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01), Bajaj Allianz Life Fortune Gain II- A Unit-linked Non Participating Individual Life Savings Insurance Plan (UIN: 116L196V02) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V02)

In addition to the already existing funds, Focused 25 Fund is now available with the above mentioned products. Customer has an option to choose from other available funds apart from Focused 25 Fund.

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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any Call made, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

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*Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V01) considering Male aged 25years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 5,092. 2nd Year onwards premium Rs. 5,520. Total Premium Rs. 1,65,172 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.

##Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

**5% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

$Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^The Return of Premium means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any Call made, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

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Disclaimer

*Premium revision is applicable throughout the policy term, premium payment term and sum assured combinations.

^The Premium prices listed above are the lowest available across all online channels/ platforms for the purchase of this specific version of the product. These rates are subject to input parameters& as required for policy issuance remaining consistent during comparison. No Staff/Partner discount&& can be availed with this product. If a lower premium rate is found elsewhere, under the same conditions mentioned above, the policyholder may choose to cancel their policy and receive a full refund of premium paid.&& Staff includes directors and employees of Bajaj Finserv Group & their spouse, children, and dependent parents. Partner includes employees and agents of intermediaries and their family members. &Input parameters include age, medical details, qualifications, occupation, income and other factors required for policy issuance

#5% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

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Disclaimer

^Not available if policy issued after 30th May 2025 | *As on 28th March 2025 Past 5 Year CAGR returns in Benchmark Nifty 200 Alpha 30 Index. Please note that the fund aims to replicate the performance of benchmark index fund, subject to tracking error. Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before investing.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Smart Pension- A Unit -Linked, Non-Participating Individual Pension Plan (UIN- 116L209V01) is only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.

Nifty 200 Alpha 30 Index Pension Fund is available only with Bajaj Allianz Life Smart Pension- A Unit -Linked, Non-Participating Individual Pension Plan (UIN: 116L209V01).

In addition to other funds, Nifty 200 Alpha 30 Index Pension Fund is now available with Bajaj Allianz Life Smart Pension. Customer has an option to choose from other available funds apart from Nifty 200 Alpha 30 Index Pension Fund.

Death Benefit shall be the Fund Value, subject to a minimum of the 105% of Total Premiums Paid, as on the date of death.

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